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Las Vegas Sands Baccarat Shills

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Say Whaaaaa?

Founder's Club

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Interesting story.

"In the post 9/11 era, with cash transactions under tighter control, Las Vegas casinos keep the money flowing in part by luring wealthy Chinese gamblers. But a case involving the Sands casino shows how ‘shill’ players and back room loans are often part of the game."

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Junior Member

Founder's Club

Great article. I know why but would have loved to hear the tortured logic of a Sands exec if asked why the Sands loaned these housekeepers millions of dollars. And thought it was interesting the idea that Asians make up 75% of the whales in LV.

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AKA HeatherE

I saw they want it to go before Grand Jury rather than a judge? Or did I read that wrong? How would a housekeeper get the credit to borrow millions of dollars, without it being something shady behind it? I couldn't borrow that on my salary!

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New Member

Wasn't this inevitable? You're loaning money to people you know can't pay if their backer goes back to China and won't or can't pay. The debt wouldn't even be enforceable in China if there was any evidence the backer owed it, which there isn't. How are the Chinese guys paying up? None of this really makes sense to me.

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Unlike poker, folding is the only way!

Board DweebFounder's Club

The particular story at hand might be the Chinese, but there is a profit center for many from SE Asia also and their collection departments had such names as Green Dragons, Flying Dragons, BTK-Born To Kill, 14K etc., although the US Attorney's Office in the Southern and the Eastern District's of NY took had its first serious take down of 300 plus key players of 5-6 triads in the NY/NJ area, lots of them were involved with gambling collections from Atlantic City, CT and Vegas borrowers. Chinese were about 50% of this activity with the rest made up of Laos, Thai, Viet and Cambodian people.

There are numerous ways to collect including females from the families entering into the adult businesses control by the Triads as well, and their family business and real estate turned over for their gambling debts.

Unlike the way the American-white people's minds think, hey they cant sue me or I wont pay, is not the general case with the Chinese and the SE Asian with their gambling debts.

Long story, wives family used to be involved up to 2000 with this stuff also but out of it now after numerous criminal prosecutions, etc. I'm half banned on here so too hard to post, can't start new topics and it is all pertinent to Vegas as well---to this very day, etc.

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Member

Founder's Club

There is obviously an enormous missing piece to the story. I believe the narrative that they were using shills. Sands is famous for doing whatever is necessary to get cash in the door. However, suing the maids that they knew were shills and having them criminally charged - thus exposing Sands' own illegal activities - just doesn't make sense. It's like a drug dealer calling the cops because a buyer shorted them some money.

I'm sure there is an explanation, but I doubt we'll ever hear the whole story.

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